The 27-acre Miami Worldcenter project held its official groundbreaking on Thursday fueled by hundreds of millions of dollars in developer equity. With the condo sales market slowing down in Miami and its Paramount Miami Worldcenter condo tower not quite 50 percent pre-sold, some might call it a gamble, but the developers see this $1.5 billion…

Forget the politics for a moment: who’s a better businessman, Donald Trump or Mitt Romney? That question was raised by Romney’s scathing remarks about Trump on Thursday. Rarely has a former presidential nominee criticized a candidate from his own party so severely. “Donald Trump is a phony, a fraud,” Romney said. “His promises are as…

A 2009 photo of downtown Miami (Credit: Marc Averette) Miami has lost its allure among the super-rich, a new study reveals. After ranking as the sixth most important city for the ultra-wealthy in 2015, Miami has fallen off the list of the top 10 cities in the latest Knight Frank Wealth Report released in London.…

The home of the Fresh Market in Plantation sold for $10.9 million. IMOB Investments, managed by Maurice Egozi in Bay Harbor Islands, sold the 25,021-square-foot building at 12171 W. Sunrise Blvd. to Allegra and the Saints LLC, managed by New York-based Allegra Tribeca Inc. The price equates to $436 per square foot. The building was…

The Port of Miami shipping yard 1. U.S. commercial property values down for first time in 5 years [Daily Business Review]2. City of Miami wants to bring restaurant to Fort Dallas Park [The Next Miami]3. For-profit college files bankruptcy, owes $19.5M to landlord [SFBJ]4. Why May is a magic month for home sellers [Wall Street Journal]…

A conceptual rendering of the MLS Miami stadium David Beckham’s plans to build a soccer stadium in Miami have reportedly hit yet another roadblock: parking. The soccer star and his development group Miami Beckham United missed their February deadline to close on the purchase of Miami-Dade County land in Overtown, and now county officials are…

The proposed guitar-shaped hotel that would be built in the Seminole Tribe’s Hollywood entertainment complex The Seminole Tribe of Florida’s plan to spend $1.8 billion on expanding their gaming facilities — including the construction of a massive guitar-shaped hotel in Hollywood — is on life support after the gaming compact it hinges on was reportedly…

Sports Authority could close or sell 19 stores in Florida, according to information obtained by the South Florida Business Journal. The Colorado-based retailer filed Chapter 11 bankruptcy reorganization on Wednesday morning. It announced plans to close 140 of its 463 stores nationwide. It has 48 stores in Florida. Sports Authority has 23 locations in South…

The parent of for-profit Mattia College filed Chapter 11 reorganization in U.S. Bankruptcy Court on Feb. 29 shorty after it closed its schools in West Kendall and Doral. Professional Training Centers listed assets and liabilities both in the range of $1 million to $10 million. It’s owned by Antonio Mattia. It’s likely the case will…